least diverse companies 2020

Pursuant to the recently-amended Washington Business Corporation Act (WBCA), effective June 11, 2020, corporations subject to the WBCA that are public companies will be required to either have a “gender-diverse board” by January 1, 2022 or comply with new board diversity disclosure requirements. 1 RaceTrac Petroleum. In 2020, we saw the quickest and deepest bear market decline in history, trillions of dollars of global stimulus, the highest volatility (VIX) on record, negative oil prices, and the fastest recovery from a bear market ever—just to name a few of the abnormalities. It has been proven that having a diverse workforce offers multiple benefits to the company, its staff, and its customers alike. To say that 2020 was an unusual year in markets would be a vast understatement. FTSE 250 – At least one racially and ethnically diverse Board member by 2024. In May 2018, SEBI said each of the top 1,000 listed companies must have at least one woman independent director by March 2020. Goldman insists on board diversity for IPO candidates. In the 1960s, a typical S&P 500 company was estimated to last more than 60 years—these days, the average lifespan is just 18 years.. With over 1,000 air flights in the United States per day, many people hate United Airlines for the way it treats customers. Diversity and inclusion includes a company’s mission, purpose and practices to support a diverse workplace and leverage the effects of diversity to achieve a competitive business advantage. This ensures reliable and low-cost energy for Georgians. Like many companies and institutions, we have more work to do on diversity, equity, and inclusion, but we believe we are on the right path. "To drive supplier diversity excellence through best practice sharing and thought leadership." For 46 publicly held companies in California with all-male boards, the clock is ticking. 2. Who should be on a company’s Board of Directors? In fact, four Maryland cities — including Gaithersburg, Germantown, Silver Spring and Rockville, all in Montgomery County, right outside of Washington, D.C. — are in the top five when it comes to diversity in small U.S. cities. According to the company website, Accenture added more than 1,800 employees of diverse backgrounds in 2017 up from approximately 1,000 in 2016. Despite this, the findings of the FTSE 100 Board Diversity Report 2020 make it clear that there is still progress to be made in ensuring that diverse communities are fairly represented in the elite. For this edition of the Missing Pieces report, public filings were reviewed up until June 30, 2020, for a year-over-year comparison. But make no mistake — there are companies out there that are getting it right. The Big Picture: White Men and Everyone Else. It called for FTSE 100 firms to have at least one racially and ethnically diverse board member by the end of 2021, and for smaller FTSE 250 firms to have the same representation by 2024. To give companies time to comply, they will need to publicly disclose their board diversity data within a year of S.E.C. In line with SAP’s record as an employer of diversity, the company has launched an initiative to hire employees with Autism Spectrum Disorders. 30% of candidates should be from minority populations or 40% of candidates should be women.These targets will move over time as the company realizes its diversity goals and should be assessed and adjusted accordingly. 1 on DiversityInc's Top 50 Companies for Diversity list. As of July 2020, Walmart’s US associates are 20.69% Black, … One of the 10 most hated companies in America in 2020 is United Airlines. 9 AT&T. JUST WATCHED ... by the end of 2021 and at least … Updated Dec. 19, 2019. Oddly, that made it an exception. Citigroup and Merck get top ratings for their records on including women, minorities and people with diverse sexual orientation, while Berkshire Hathaway and … Brian Stauffer By In a move that continues California’s push for increased diversity on corporate boards, Governor Gavin Newsom on September 30, 2020 signed into law a bill that requires publicly held companies headquartered in the state to include board members from underrepresented communities. Buy at least 10-15 stocks across various industries (or buy an index fund) One of the quickest ways to build a diversified portfolio is to invest in several stocks. In today’s fast-paced world, companies … Mega-cap tech companies began publishing annual diversity reports in 2014. As of June 2020, its 12-member board of directors has one Black man, one Black woman, one Hispanic man, three white women, and six white men Aim for half its new analysts and entry-level associates in the U.S. to be women, 11% to be Black, and 14% to be Latino. The Billion Dollar Roundtable was created in 2001 to recognize and celebrate corporations that achieved spending of at least $1 billion with minority and woman-owned suppliers. It was the only company of the 25 largest public offerings in 2019 without a woman on its board, according … With most of the world visiting social media platforms more often, businesses across a diverse industry landscape continuously increased their ad spend to reach more customers online in 2020. Controversies arising from ... Next to Mandate Gender Diversity on Boards (May 28, 2020), available at: ... explain why it does not have, at least two “Diverse” directors on its board under proposed rule 5605(f)(2). A company is also categorized in the strong female leadership group if it has a female CEO and at least one woman on the board. … PepsiCo recognizes that supporting diversity and engagement is not only the right thing to do, it is the right thing to do for our business. 2020-08-04T11:45:00Z The letter F. An envelope. month on their power bills through September 2020. But usually, these criticisms of diversity at top tech companies exclude Asians and focus on the low percentage of blacks and Hispanics in the tech industry. Though the industry has made efforts toward achieving diversity … 5 CVS Health. Key findings. Reuters / Shannon Stapleton. Discover why this year's winners were chosen and search current job postings. Florida 7. https://builtin.com/diversity-inclusion/diversity-in-the-workplace-statistics Ethnic diversity remains low at the executive level in the industry, according to the TrustRadius. Ranked: the Top 50 Most Innovative Companies in 2020. Cultural Diversity in Companies . Maryland 6. A substantial differential likelihood of outperformance—48 percent—separates the most from the least gender-diverse companies. (e) Data from the Latino Corporate Directors Association also shows that in the boards of these 662 publicly traded companies, only 13 percent have at least one Latino board member, 16 percent have at least one African American board member, 42 percent have at least one Asian board member, and 6 percent have at least one non-White or Other board member as of May 2020. One of the 10 most hated companies in America in 2020 is United Airlines. What’s the news from Davos? As signatories to the campaign, companies make the following four Commitments to Change: Increase racial and ethnic diversity among Board members: take action to set targets to achieve FTSE 100 – At least one racially and ethnically diverse Board member by end 2021. KKR & Co. added at least two diverse directors to the board of every company it controls in the U.S., part of a bigger push to expand its focus on underrepresented groups. In 2019, more than 1,800 companies participated in DiversityInc's Top 50 Companies for Diversity competition. 3 Edward Jones. As can be seen in Figure 1, the slow increase in “new CEOs”, from a total of 19 in 2000 to 71 in 2020, has been accompanied by a corresponding steady decrease in the number of white male CEOs. According to Diversity Inc., which compiles a list of the top 50 most diverse companies each year, no oil company has made it on its list since 2004.This concerns the CEO of … In 2020, Marriott International was No. Currently, natural gas is … Kentucky and Texas each have two cities that are among the least racially and ethnically diverse large cities in the U.S., according to a U.S. News analysis. The PSC and Georgia Power ensure Georgia’s energy production utilizes a diverse mix including nuclear, coal, natural gas, solar, hydroelectric, and wind. ... to boost that share to a third by 2020. Carmen Reinicke. Here are the most diverse states in the US: 10. A 2020 study from the global consulting firm McKinsey & Co. found that companies in the top quartile for gender and racial and ethnic diversity are … This commitment is woven into our values and our guiding philosophy of Winning with Purpose vision, which recognizes that our company is strongest when we are a company of opportunity that embraces the full spectrum of humanity. Some companies don't view it as a top business priority, some don't know how to start and still others are paying lip service only without taking real action. The plan would require companies to include at least one woman and one person who identifies as an underrepresented minority among their directors ... 2020 … The most diverse city in the United States is Gaithersburg, Maryland, while the least ethno-racially diverse place is Laredo, Texas. May 06, 2020 09:30 AM Eastern Daylight Time. The respondents represent a cross-section of companies from over a dozen industries, 75% of which have annual revenues­ of more than $1 billion. California will now require more diversity on company boards. Nevada 8. 55. MID-SIZE COMPANIES. Before the law, 75 firms lacked a female board member, the group found. The U.S. is projected to become a majority-minority nation for the first time in 2043 and by 2060, 57 percent of the U.S. population will consist of racially ethnic minorities, according to data from the U.S. Census Bureau. The big picture is that almost 90% of the Fortune 500 CEOs are still white males. But despite that, many companies still struggle when it comes to diversity and inclusion. According to the HRC Foundation’s 2020 Corporate Equality Index, a majority of Fortune 500 companies have made active changes to policies for LGBT workers. 4 Apple. There are parts of Georgia where there's a high level of diversity -- where people of all walks of life come together. Pride at SAP, the company's LGBT+ employee network group. This diversity drive has led to some early gains. Only take companies public with at least 1 diverse board member, with a focus on women in 2020. The law considers a board to be gender diverse if, for at least 270 days of the fiscal year preceding a public company’s annual meeting of shareholders, the board is comprised of at least 25% of individuals who self-identify as women. And at least 2 diverse board members by 2021. There’s also evidence that prioritizing diversity and inclusion has a positive impact on a company’s bottom line. Here's a look at the top 10 for 2020. 2020 made diversity and inclusion a crucial focus, after a wave of protests seen around the world demanded justice and equality for all. 6 Berkshire Hathaway. JUST WATCHED ... by the end of 2021 and at least … The Future Is Here- NASDAQ Moves To Require Listed Companies To Have At Least Two “Diverse” Officers On Their Boards From One Of Three Categories. Texas 1. The 20 most diverse companies in the WSJ study had an average annual stock return of 10% over five years, versus 4.2% for the 20 least-diverse companies. More women than ever before are on the boards of the UK’s largest companies but they still have some way to go to meet the target of 33% women by 2020… Goldman Sachs won’t take companies public anymore unless they have at least one “diverse” board member, the bank’s CEO David Solomons, according to an interview with CNBC at the World Economic Forum in Davos, Switzerland. But few have made much ground, especially in hiring Black employees. Companies also would be required to disclose "consistent, transparent diversity statistics" about their boards. The Inclusive Top 50 UK Employers is a definitive list of UK based organisations that promote inclusion across all protected characteristics, throughout each level of employment within their organisation. 6 Oceana Grill. By Jeanne Sahadi, CNN Business. Corporate longevity is on the decline. By Casey Leins Jan. 22, 2020 Seventy-six percent (76%) of the respondents were men and 24% were women. By Andrew Bieszad on December 1, 2020 in Featured, General. Reviewing the data provides us with insight into board diversity changes from 2018 to 2020 across the Fortune 500. Among the 100 largest U.S. companies, 16% of executive-suite positions are held by nonwhites and a quarter of executive roles are held by women, according to … By Jeanne Sahadi, CNN Business. Illinois 9. 55. HP clocks in as the company with … Your article was successfully shared with the contacts you provided. In 2019, more than 1,800 companies participated in DiversityInc's Top 50 Companies for Diversity competition. Here's a look at the top 10 for 2020. 4 Gallo Mechanical. The Least Diverse Jobs in America. Updated 0057 GMT (0857 HKT) October 1, 2020 . Some studies have also shown that companies with diverse boards report better financial performance. We have initiated numerous near-term and long-term programs and strategies across key aspects of our business to increase diversity and representation in our workforce, expand our efforts to build an inclusive culture, and address racial justice. But make no mistake — there are companies out there that are getting it right. According to a March 4, 2020, report from California Secretary of State Alex Padilla, only 330 of 625 covered companies filed the required reports about their boards’ diversity. Jan. 23, 2020, 03:27 PM. Well, the new Goldman Sachs CEO made some news when he told CNBC that, starting July 1, in the U.S. and Europe, Goldman will take companies public only if there is “at least one diverse board candidate, with a focus on women…. Tech execs are less diverse. 2020-09-16T13:22:00Z ... To calculate each company's score for diversity and inclusion, or D&I, Refinitiv's team assigns each metric a number of possible points. The company increased the number of women in its workforce to 37%, a 1% increase on the prior year and a step toward the company’s goal of at least 40% women by 2020. As on December 31, 2019, 977 of that top 1,000 companies had a woman director, and 835 of them had an women independent director. Industry: Retail; Number of US employees: 1.4 million ; Headquarters: Bentonville, AR; Retail powerhouse Walmart employs a massive workforce, and as a result, is one of the most diverse companies in the country. 2 ASI Federal Credit Union. It called for FTSE 100 firms to have at least one racially and ethnically diverse board member by the end of 2021, and for smaller FTSE 250 firms to have the same representation by 2024. Companies doing the most to create inclusive cultures for minorities, LGBT employees, and women. SideBar. In 2020, 693 directors participated in our survey. MIDLAND, Mich.-- ( BUSINESS WIRE )--Dow (NYSE: DOW) earned the 22nd place on the 2020 DiversityInc Top 50 Companies for Diversity … 7 UnitedHealth Group. One of these is located in Newtown Square, Pennsylvania. New York 4. 1. problem solving diversity.9 7 We designate a company as having strong female leadership if the company [s board has three or more women or if its percentage of women on the board is above its country average. Yet, in 2020, the sector is still dominated by men. approval, and have at least one woman or diverse director within two years. Madison HoffDec 17, 2020, 20:37 IST. It is sufficient to require broad diversity targets -i.e. It indicates the ability to send an email. From increasing brand awareness to driving sales, social media plays an integral role in supporting a company's business objectives. We decided to shine a light on those places today. 11 in 2020) and Nielsen (No. Women pioneered the field of computer technology. FTSE 100 firms including Tui, British Airways owner IAG and the London Stock Exchange Group have been accused of dragging their feet on diversity … This means that companies, business leaders and organizations must create effective solutions to recruit, support and retain a more diverse workforce. Air Products (NYSE:APD) is a world-leading industrial gases company in operation for 80 years.Focused on serving energy, environment and emerging markets, the Company provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemical, metals, electronics, manufacturing, and food and beverage. 7 Avala. Updated 0057 GMT (0857 HKT) October 1, 2020 . Diversity, Inclusion and Belonging. Hawaii 2. 8 McKesson. The 20 most diverse companies in the WSJ study had an average annual stock return of 10% over five years, versus 4.2% for the 20 least-diverse companies. Walmart. RANK, COMPANY. Nevertheless, there are some companies that have taken the lead in expanding their diversity inclusion. These 100 U.S. companies are doing the most to welcome minorities, LGBTQ employees, and people of all genders, ages, and abilities. Google and Facebook trail closely behind, each with 91 percent of the company Asian or white. Microsoft is the best large company for diversity, according to Comparably's new ranking.Bryan Thomas/Getty Images. Some companies don't view it as a top business priority, some don't know how to start and still others are paying lip service only without taking real action. As CEO David Solomon put it, “Starting on July 1st in the U.S. and Europe, we’re not going to take a company public unless there’s at least one diverse board candidate, with a focus on women.” Facebook, … Similarly, at telecommunications company … Using its definition and looking at public data, as well as reaching out to companies to clarify their diversity data, Calvert found the following companies were the least diverse out of all the companies in the S&P 100: 1. Goldman Sachs will stop doing IPOs for companies without at least one 'diverse' board member starting in July. Workplace diversity has become one of the biggest challenges and top priorities for recruiters and other human resource departments. Tue 4 Feb 2020 19.00 EST. New Jersey 3. What is the Difference Between Diversity and Inclusion? Diversity, equity, and inclusion (DEI) as an aggregate concern presents both opportunities and ... can be used to benefit the community in at least two key areas. In order to determine the most and least diverse states in America, WalletHub compared the 50 states across six key dimensions: 1) Socio-economic Diversity, 2) Cultural Diversity, 3) Economic Diversity, 4) Household Diversity, 5) Religious Diversity and 6) Political Diversity. Methodology. The company recognizes the importance of developing diverse leaders who help move it forward and has made meaningful progress since starting its formal Diversity … California. Goldman Sachs says it won’t take startups public without at least one ‘diverse’ director; it should go further ... ahead of its presumed 2020 IPO. In no particular order, here are 39 of the most diverse companies and companies that embrace diversity.   Unfortunately, diversity is still very much lacking on its board. It should be noted that the companies included in the Fortune 100 and 500 change over time. December 1, 2020 | 12:35pm | Updated December 1, 2020 | 5:47pm. 3 Exxon Mobil. Enlarge Image ... the authority to demand that its listed companies to have at least two diverse … Adidas says at least 30% of new US positions will be filled by black or Latinx people By Clare Duffy , CNN Business Updated 0335 GMT (1135 HKT) June 10, 2020 The company website lists an 18-member executive team with one Black member: Maxine Williams, the company’s chief diversity officer. But despite that, many companies still struggle when it comes to diversity and inclusion. Diversity makes companies richer says McKinsey. Companies with at least one female director had better returns for six straight years.” But with immigration reform still a hot-button issue, the U.S. ethnic landscape may change again in the near future. With over 1,000 air flights in the United States per day, many people hate United Airlines for the way it treats customers. The action follows passage of a similar law in 2018 mandating that public companies […] Influenced by state legislation as well as the efforts of institutional investors and other diversity advocates, companies have been adding more diverse directors to … the commitment of public companies to diversity and inclusion. The nonprofit advocacy group 2020 Women on Boards has been tracking changes at more than 400 major California companies. California will now require more diversity on company boards. 5 1st Lake Properties. the company has to disclose department-by-department diversity targets. The U.S. today is a melting pot of cultures, thanks to increasing ethnic and racial diversification.If the trend continues, America will be more colorful than ever by 2045, at which point no single ethnic group will constitute the majority in the U.S. for the first time.. The Best and Worst Performing Sectors of 2020. Henry Ford Health System Detroit, Michigan The companies in the study were ranked on 10 different diversity criteria, which included internal and external diversity initiatives, board diversity, diversity of their highest-paid executives, Equal Employment Opportunity (EEO) policies, and director selection criteria, as well as the company's overall commitment to diversity. The corporations, including pharmaceutical, financial and software companies that tend to be on the smaller, younger side, have only until revelers ring in 2020 to name a woman to their boards of directors or face a $100,000 penalty. SAP. Explore the 500. SAP has vowed that by 2020, 1% of its workforce will be made up of people with autism. New Mexico 5. 10 AmerisourceBergen. When it came to ethnic and cultural diversity, the most diverse companies outperformed the least in terms of profitability by 36% in 2019, up from 33% in 2017. Published each year in The Globe and Mail. Using a standard measure of diversity, we ranked all 129 cities in Georgia from most to least diverse. As Bloomberg has argued, while “[e]quality is a worthy goal on its own terms, of course….for the corporate world, the better rationale for gender diversity is financial…. In terms of ethnic demographics, Pinterest is the least diverse by a slim margin, with 92 percent of the company Asian or white. “From a governance perspective, diversity on boards is a very, very important issue,” says Solomon. Meanwhile, companies like Wells Fargo (No. Published annually since 2008, Canada's Best Diversity Employers is an editorial competition that recognizes employers across Canada with exceptional workplace diversity and inclusiveness programs. There is an index that ranks the most diverse and inclusive companies based on data such as diversity of the board and whether the company provides childcare. 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